My current journey is saving money and getting my finances in order. My advice would be this take control of your money situation especially if you are a single mom. One of the first things to do while working on resolving your debt is to save $1,000. This money will be considered your emergency fund. In Dave Ramsey’s book, “The Total Money Makeover” he discusses how important it is to have an emergency fund for life’s unexpected events.
A $1,000 will provide a cushion between you and those life situations. Whether it is for a car repairs, medical bills, or home issues the fund can help.
How to save a $1000:
- http://alaptopshoppe.com/42410-spectra-qml800-price.html Start budgeting – You’ll be shocked at how much money you are spending without realizing it. By creating a budget, you’re accounting for every dollar spent. One of the top allotted bills on that list should go your emergency fund. Don’t use money that you think will be left over after paying bills or your unplanned spending. If you think going to do it at the end, it will never happen. Pay you first! Determine the amount you can save and do it. Then next pay the remaining bills for that week’s check.
- buy non prescription drugs generic cytotec Track and Trim your spending. Track your spending so you will see where you are overspending and where you can cut back.
- Re-assess your bills. You could be saving money on your monthly bills; such as auto insurance, cable, or cell phone bills. Call your providers and ask for ways to save. Negotiate on these existing bills for lower packages or even think about switching to the competition.
- Get another stream of income. There are ways to make extra money besides putting in overtime work or taking on a second job. Sell your old unused stuff on eBay or Amazon, drive for Uber/Lyft, or bake and sell goods to friends, family, coworkers, etc.
- Set a plan and stick to it. You won’t hit your savings goal if you don’t put in the work to make it happen. It is really a mind thing and it takes you believing you can do it, writing down your savings goal, and putting in the work to make it happen.
Create your budget and save $1,000 now.